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2313 White Pine Drive Little Elm, TX 75068

3 Beds 3 Baths 2,318 sqft Built 2002

$279,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $120.36
  • 2 Days on Market
  • MLS # : 14536990
  • Updated Date : 03/20/2021 at 16:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,318 sqft
  • Baths : 2 full , 1 half
Listing Agent

Stasey Real Estate

Listing Agent's Description

Come See Amazing Upgrades in this home located near Eldorado and 423, in the Villages of Woodlake. Move-in-ready home, in close proximity to DNTW, shopping and eating. Freshly updated with granite counter-tops, wood-look tile bathrooms, stainless steel appliances, white cabinets, fresh paint, raised panel doors, large Covered Patio, and updated fixtures. Catch and release pond. Large Community center including pool, playground, basketball and volleyball. New roof & hot water heater installed January, 2019. Tenant lease is up end of August.

SEE MORE

MARKET HIGHLIGHTS

  • Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
  • Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
  • Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)

PRICE & RENT TRENDS

Neighborhood: The Villages of Woodlake

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: The Villages of Woodlake

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11162171

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Lakeview Elementary School Primary Regular 581 38 6
Lakeside Middle School Middle Regular 1,181 69 3
Little Elm High School High Regular 1,866 97 6

Lakeview Elementary School

  • Education Level: Primary
  • # of students: 581
  • # of teachers: 38
6
GreatSchools Rating

Lakeside Middle School

  • Education Level: Middle
  • # of students: 1,181
  • # of teachers: 69
3
GreatSchools Rating

Little Elm High School

  • Education Level: High
  • # of students: 1,866
  • # of teachers: 97
6
GreatSchools Rating
 

$251,100$306,900$279,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$969
Property Tax -$585
Property Insurance -$161
HOA -$28
Property Management Fees -$99
CASH FLOW
$18

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$279,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,685

INVESTMENT

$79,685

Down Payment
$69,750
Rehab Estimate
$5,750
Closing Costs
$4,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$969

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $69,750
Loan Amount $209,250
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$12,994

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,860

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,069

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,860
1$1,8602$1,9453$1,9954$2,0005$2,250
$2,250
RENT COMPS ANALYSIS
  • 2313 White Pine Drive Little Elm, TX 1
    • 3 beds 3 baths ∙ 2,318 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,318 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.80
    •  
  • 2329 Aurora Drive Little Elm, TX 2
    • 4 beds 2 baths ∙ 2,144 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,144 Sqft ∙ Built 2005
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.91
    •  
  • 2353 Live Oak Drive Little Elm, TX 3
    • 3 beds 3 baths ∙ 2,318 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,318 Sqft ∙ Built 2000
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.86
    •  
  • 2429 Morning Dew Drive Little Elm, TX 4
    • 4 beds 2 baths ∙ 2,245 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,245 Sqft ∙ Built 2005
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.89
    •  
  • 2321 Sunshine Drive Little Elm, TX 5
    • 4 beds 2 baths ∙ 2,465 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,465 Sqft ∙ Built 2004
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.91
    •  
PROPERTY LISTING DETAILS
Mitch Newton
Stasey Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14536990
Last Updated: 03/20/2021
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